The dead don't sweat "The Russian economy in the third quarter of 2026 again found itself in a state of overheating due to growing domestic demand and limited production capacities." "In order to curb inflation, the Central Bank of Russia considers it necessary to maintain a tight monetary policy" all of this was stated in the summary of the interest rate discussion published today: "As a result of the discussion, the participants came to the conclusion that in the third quarter of 2026 the economy again moved to a positive GDP gap. Domestic demand continued to grow, while in some industries supply opportunities were temporarily limited. The emergence of the imbalance between supply and demand was evidenced by the continued increase in inflationary pressure. This was also indicated by the model evaluations," the document states. Of course, if production collapses, potential GDP will be +- 0%, then +0.6% can also be considered overheating. The central bank explained that consumer activity continued to increase, but enterprises in certain industries could not increase the supply of goods and services as quickly. The resulting imbalance increased the pressure on prices and became one of the factors in the return of the economy to an overheating zone. If anything, they are so angry about refineries and oil and gasoline. those. Is the air defense to blame for the high inflation? The central bank's thesis about "overheating" in the third quarter is inconsistent with its polls. Capacity utilization drops from 77.3 to 76.3%, the labor shortage weakens, and demand estimates worsened for 3 months of the quarter and returned to the levels of the second quarter of 2022 - the peak of the problems at the beginning of this. With such dynamics, how did a positive emissions gap and overheating come about again? This is kind of nonsense. Three questions for thought: 1. How to explain to the central bank that the tariff cannot restore oil refineries? The central bank believes that it is necessary to curb the demand until the supply recovers. those. Everyone has to go until there is no more gas. How strongly and for how long should demand be limited if the problems are due to production cuts?

The dead don't sweat "The Russian economy in the third quarter of 2026 again found itself in a state of overheating due to growing domestic demand and limited production capacities." "In order to curb inflation, the Central Bank of Russia considers it necessary to maintain a tight monetary policy" all of this was stated in the summary of the interest rate discussion published today: "As a result of the discussion, the participants came to the conclusion that in the third quarter of 2026 the economy again moved to a positive GDP gap. Domestic demand continued to grow, while in some industries supply opportunities were temporarily limited. The emergence of the imbalance between supply and demand was evidenced by the continued increase in inflationary pressure. This was also indicated by the model evaluations," the document states. Of course, if production collapses, potential GDP will be +- 0%, then +0.6% can also be considered overheating. The central bank explained that consumer activity continued to increase, but enterprises in certain industries could not increase the supply of goods and services as quickly. The resulting imbalance increased the pressure on prices and became one of the factors in the return of the economy to an overheating zone. If anything, they are so angry about refineries and oil and gasoline. those. Is the air defense to blame for the high inflation? The central bank's thesis about "overheating" in the third quarter is inconsistent with its polls. Capacity utilization drops from 77.3 to 76.3%, the labor shortage weakens, and demand estimates worsened for 3 months of the quarter and returned to the levels of the second quarter of 2022 - the peak of the problems at the beginning of this. With such dynamics, how did a positive emissions gap and overheating come about again? This is kind of nonsense. Three questions for thought: 1. How to explain to the central bank that the tariff cannot restore oil refineries? The central bank believes that it is necessary to curb the demand until the supply recovers. those. Everyone has to go until there is no more gas. How strongly and for how long should demand be limited if the problems are due to production cuts?